RIO GRANDE COMMUNITY DEVELOPMENT CO

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

JAVIER ROJO

Phone

5052172473

Tax Period

2023-01-01 to 2023-12-31

RIO GRANDE COMMUNITY DEVELOPMENT CO, founded in 1986, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 10% surplus.

Mission

BE THE TRUSTED AND ACCESSIBLE COMMUNITY HUB FOR SOCIAL AND ECONOMIC ENTREPRENEURSHIP WHICH FACILITATES SELF-SUFFICIENCY WHILE HONORING THE PEOPLE'S VOICE AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $477,471 Revenue: $43,068

RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION (RGCDC) SERVES THE NEEDS OF RESIDENTS AND BUSINESS OWNERS IN BERNALILLO COUNTY, WITH A FOCUS ON THE SOUTH VALLEY AREA. RGCDC'S SOCIAL AND BUSINESS JUSTICE MISSION IS TO SUPPORT COMMUNITY-WIDE HEALTHY ECONOMIC AND SOCIAL DEVELOPMENT THAT ENRICHES TRADITIONAL CULTURAL VALUES AND HISTORICAL USES OF THE LAND.

Program 2

Expenses: $286,699 Revenue: $106,800

THE SOUTH VALLEY ECONOMIC DEVELOPMENT CENTER (SVEDC) IS A COLLABORATIVE EFFORT BETWEEN BERNALILLO COUNTY AND RGCDC. IN ITS 17,000 SQUARE FOOT FACILITY LOCATED IN THE HEART OF ALBUQUQUERQUE'S SOUTH...

THE SOUTH VALLEY ECONOMIC DEVELOPMENT CENTER (SVEDC) IS A COLLABORATIVE EFFORT BETWEEN BERNALILLO COUNTY AND RGCDC. IN ITS 17,000 SQUARE FOOT FACILITY LOCATED IN THE HEART OF ALBUQUQUERQUE'S SOUTH VALLEY, SVEDC SERVES AS A BUSINESS INCUBATOR BY PROVIDING BUSINESS INCUBATOR SUPPORT SERVICES AND A SITE FOR MANUFACTURING AND FOOD DISTRIBUTION. SVEDC ALSO SERVES AS A COMMUNITY BUSINESS HUB AND SOCIAL DEVELOPMENT.

Program 3

Expenses: $320,722

THE COLOR THEORY INITIATIVE IS A COLLABORATIVE PROGRAM WITH OTHER ALIGNED SOCIAL AND ECONOMIC DEVELOPMENT PROVIDERS FOCUSED ON OVERCOMING SYSTEMIC CHALLENGES FACING NEW MEXICO ENTREPRENEURS AND...

THE COLOR THEORY INITIATIVE IS A COLLABORATIVE PROGRAM WITH OTHER ALIGNED SOCIAL AND ECONOMIC DEVELOPMENT PROVIDERS FOCUSED ON OVERCOMING SYSTEMIC CHALLENGES FACING NEW MEXICO ENTREPRENEURS AND BUSINESS OWNERS OF COLOR. THE PROGRAM IS DEDICATED TO PROMOTE SHARED TECHNICAL ASSISTANCE AND DATABASE RESOURCES TO EXPAND KNOWLEDGE, ACCESS, AND OPPORTUNITIES FOR BUSINESS SUCCESS TO THOSE IN TRADITIONALLY UNDERSERVED GROUPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,490,672

Program Service Revenue $149,868

Investment Income $897

Other Revenue $40,665

TOTAL REVENUE $1,682,102

Expense Breakdown

Grants Paid $133,075

Salaries & Benefits $740,568

Fundraising Expenses $100,555

Program Expenses $1,084,892

Other Expenses $643,105

TOTAL EXPENSES $1,516,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,682,102	$1,710,904	0.0%
Expenses	$1,516,748	$2,792,842	-0.5%
Net Income	$165,354	$-1,081,938	-1.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$80,243

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BAADE	CHAIR	2.00	Officer Director	$0	$0	$0
ADRIAN PEDROZA	IMMEDIATE PA	2.00	Officer Director	$0	$0	$0
RUTH ARAGON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KEITH HARTNETT	TREASURER	2.00	Officer Director	$0	$0	$0
SHAWN BERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNETTE CHAVEZ Y DE LA CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BACA	DIRECTOR	1.00	Director	$0	$0	$0
TATIANA FALCON RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
DENISE NAVA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA RICCI	DIRECTOR	1.00	Director	$0	$0	$0
KIZITO WIJENJE	DIRECTOR	1.00	Director	$0	$0	$0
JOSUE OLIVARES	EXECTIVE DIR	40.00	Officer	$74,014	$6,229	$80,243

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,682,102	$1,516,748	$1,691,512	$165,354
2022	$1,710,904	$2,792,842	$1,259,590	$-1,081,938
2021	$3,015,469	$2,530,658	$2,374,728	$484,811
2020	$2,908,700	$2,293,012	$1,870,070	$615,688
2019	$2,591,562	$2,528,420	$1,261,418	$63,142
2018	$2,406,250	$2,342,080	$1,101,406	$64,170